U.S. markets open lower, Nasdaq falls 0.54% as chip stocks decline

Chainthink

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Summary

The Fear and Greed Index fell below 45 as U.S. markets opened lower on July 22, with the Nasdaq down 0.54%. Chip stocks experienced broad declines, led by SK Hynix, which dropped over 5%, while Western Digital and Seagate fell approximately 4%. Micron and SanDisk declined more than 3%. Open interest in tech futures remained elevated, reflecting continued volatility. Intel, TSMC, and AMD also declined between 1.6% and 3%.

ChainThink reports that on July 22, according to market data, U.S. stocks opened lower: the Dow Jones fell 0.07%, the S&P 500 fell 0.19%, and the Nasdaq fell 0.54%.

Storage and AI chip sectors declined broadly: SK Hynix (SKHY) fell over 5%, Western Digital (WDC) and Seagate Technology (STX) dropped about 4%, while SanDisk (SNDK) and Micron Technology (MU) fell more than 3%.

Among other chip stocks, Intel (INTC) fell over 3%, TSMC (TSM) dropped over 2%, and AMD (AMD) declined 1.6%.

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